VIETNAM - Survey reports record growth in domestic hotel industry

VietNamNet Bridge, 20/08/2007

Record growth in visitor arrivals, hotel occupancy and room rates and an increase in interest from major hotel groups all occurred in 2006, according to a new survey conducted by financial and accounting firm Grant Thornton Vietnam. Five-star hotels in Hanoi and HCM City recorded significant increases in average room rates and occupancy rates last year, the survey said. Northern Vietnam remained the market leader in terms of occupancy with over 70% in 2006, according to Grant Thornton’s annual Vietnam Hotel Survey 2007. Grant Thornton surveyed 29 hotels with 3,946 rooms in different cities in three main regions of the country during 2005 and 2006.

>>Full article